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that stand to be the big winners. >>> plus, cnbc's rise above road trip continues. next stop, nevada. jane wells looking at how snaene majority leader harry reid's state is handlingle upcoming fiscal cliff. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of t
to disrupters.cnbc.com. >>> up next, our next stop is nevada, home of harry reid and home of the oldest profession. >> mustang ranch. >> why the folks at the mustang ranch are worry about the fiscal cliff. >>> and later former federal reserve chairman paul volcker speaks exclusively with "squawk box" about solving the fiscal cliff. >>> also at the top of the hour, former white house council economic provider greg mankiw. from currency trading for a few to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. >>> welcome back, everybody. secretary treasurer time dpiet nev geithner is going to be speaking today. majority leader eric cantor, house bunt committee chairman paul ryan and the chairman of the house is tax's ways and mean committee, also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. he has a pretty full schedule today. >>> yesterday a number of high-profile corporate leaders met with president obama at the whit
a future. >> yeah, nevada counts. we'll see. give me shameless plugs. >> i should promote my new website. my daughter was picked this week to be on the first ever girls flag football team for her high school. >> nice. everything is cooler in nevada. >> dan bolt's ebook out today. >> our paper has a beautiful new look. >> a great little piece up on therue.com about the election. check it out. >> i will see you from asia. i'm headed for 15 hours on a plane ride. we'll see you right back here, somebody will tomorrow. chris jansing is next. bye-bye. u 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? it's the card for people who like more cash. those little things for you, life'
when obama took office. up 9% in denver. up 14% in san francisco. in las vegas, remember, nevada, a crucial state here, they're still down nearly 24%. in miami, florida, down nearly 6%. and in chicago, down 10%. the question is historically has a president ever won a second term with falling home prices. the median price of a u.s. home never actually fell before the end of 2006 nationally. sure, there were local and regional home price crashes but never on a national level. now, if you compare october 2012, which is the last month of data we have from the realtors, to october 2008, the median home price nationally, the median, is down 1.4%. but a lot of that has to do with what's selling today, which is a lot of low priced foreclosures and short sales. we have more on this the blog realtycheck.cnbc.com. >> thank you so much. where do housing experts think home prices will be in four years? does it matter who wins as to which way they go? >> chiming in, david of mortgage banking solutions. christopher thornburg of beacon economics and diana will stick around as well. christopher,
are investors taking a gamble in nevada? >> there's not a lot of confidence out there now. rise above road trip, continuing coverage throughout the day on cnbc. >> welcome back to "squawk on the street," as we count down to the breaking news due out at the top of the hour, impending home sales are down. the price target now stands at 16 bucks a share, they are optimistic as we come to the january launch of blackberry. don't take into account the positive tail wind that blackberry will have. we have had a number of analysts out there recently who have raised their price targets as well as estimates and ratings. >> okay, let's get some breaking news now, on home stats. >> good morning, simon, we're here outside bankruptcy court in white plains new york for the latest in the saga of the hostess bankruptcy. liquidation, now the courtroom is reconvening to hear arguments about whether some 19 hostess executives should be getting a retention payout of $1.75 million, these so called bankruptcy bonuses. the interest is not necessarily the amount of the payoff going to the executives, but the fact that
ran up hugemore joins with non-white vote errs and you look at a state like nevada. it's 1 in 7 voters is latino. nevada has one of the worst economies, i think it has the highest unemployment rate. >> foreclosures. >> it's basically an economic basket case, and yet the incumbent is able to prevail, and a lot of people will be looking at that and saying that's the effect of the latino vote. >> and smart republican strategists have already come to terms with this. had before the election, especially so this morning. some of them saying this morning that texas within eight years could turn into a swing state, one that republicans have taken for granted. 38 electoral votes but with the rising latino population that suddenly could go into that category. >> republican ted cruz won in the stat, by the way. >> of all the important things to come out of the election, stunned to see what you zeroed in on here, savannah. >> to use brian williams team, weed, marijuana. >> that's not brian williams term. people say that. >> that was one of the funnier moments. >> let's put it plainly, we're talkin
year but probably safely in the obama camp. the one place you might want to look here, nevada, florida, north carolina and virginia. those are all potentially in play because they had some improvement in the unemployment rate and if that had not been there, they might have been for romney. i would like to give you a definitive answer. you have the level of unemployment and you have the change. that's what makes this a horse race, simon. >> it's fascinating to see that the way you slice and dice going into the election whether it's turnout or amazing. steve, thank you very much. as the race for the presidency enters its final lap, what about concerns of small businesses? we'll put them on the television next going straight to the source and sitting down with co-founder and co-ceo of warby parker. they make glasses online and they'll open the first store in manhattan very soon. see what they have to say. interesting take. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores
and made sense he would go up and buy up single family homes. he'd do it in florida, arizona, nevada, that was the argument. >> i think the mortgage market has to come back for the residential end user but i'd buy some land divisions, lot developments that will make sense over the next couple of years. >> behind the curtain of the commercial business. >> steven and i were talking a minute ago about retailers and e-commerce and we see a big impact from e-commerce when we buy a shopping center, we have to pay attention to our cost basis so that retailers who come in and occupy that space will have the ability to compete against e-commerce and do well and protect their profit margins so we're seeing retailers absorb. >> can they get there? >> they can. >> because they'll always have that nut. >> it depends what retailers. >> and the internet price is going to pivot off the bricks and mortar price. >> it depends what retailers. some soft goods. you look at the auto parts retailers and the dollar stores, those are neighborhood locations that just cannot be replicated via e-commerce so som
and keep on going. in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start to get more customers saying i've talked to my tax adviser and i'm going to opt out of that short sale and we'll just take it to foreclosure. and, carl, that is exactly not what we want to hear as this housing recovery is really just gaining steam. >> wow. in your opinion diana would we start to see that, the impact in sales of existing and starting in january? >> well, starting in january you would start to see those short sales go away and that would mean more homes would go to foreclosure. short sales have really been saving this market keeping people out of foreclosure and
Search Results 0 to 9 of about 10 (some duplicates have been removed)